Despite a modest bounce in price on Friday and Monday morning, a bearish ‘Death Cross’ pattern is forming on the GBP/USD daily chart. The Death Cross is defined by the 50 period simple moving average crossing below the 200 period simple moving average and can herald a major down move in price when it appears on the daily chart. A break of the recent low of 1.2557 would mark the lowest levels since early January and bring the prior low of 1.2420 into view. Meanwhile, EUR/GBP remains near the highest levels of the year. Trump Supports No-Deal Brexit On Monday morning, U.S. President Donald Trump arrived in the U.K. for ... (full story)